Finex Or Which Opportunity Is Better For Stock Trading? – Viral35.com
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Finex Or Which Opportunity Is Better For Stock Trading? – Currently there are many providers of stock trading facilities in Indonesia. Not only local stocks that can be traded through spot trading, US stocks can also be traded through brokers, for example Finex and Opportunity.
How are Finex vs Pluang considered for stock trading? Check out the explanation for the article below.
The difference between Spot Stock Trading and CFD
Before examining the matter of Finex VS Pluang, we need to know that the tools provided by the two companies after that are actually a derivative of the stock market, namely CFD (Contract For Difference). Before trading, know the following:
Advantages of CFD trading
A trader’s profit or loss from CFD is derived from the price movement of the underlying asset. A trader who is in a buy position can benefit from the price of the asset when the position/contract is ready to be liquidated (closed). Conversely, they can suffer losses if the asset price decreases when the transaction is closed.
The main advantage of CFD is the fact that a trader can access a Short or “sell” position at any time even if they have never held the asset in question. The next thing is to access the Short Selling option for stock market players who want to profit even though asset values are predicted to decrease.
Whereas with Spot Stocks, the most common scenario for profit is only by selling the number of shares purchased previously.
Even though CFD traders do not carry ownership rights, CFD offers enormous profit potential because access to Leverage is much higher. In general, stock brokers only provide a maximum leverage of 1:2 or 1:3, but for CFD brokers, the leverage offered can reach a maximum ratio of up to 1:50, 1:100, or even 1:500. In other words, the risk vs reward ratio for CFD is much greater than spot stocks.
As a broker that has long been known for trading forex and commodity assets, Finex does not miss providing additional CFD stock trading facilities. To be able to trade stocks on finex, you need to access a Trading Pro+ account and trade with the CFD scheme.
The trading conditions that apply to the Finex stock trading account on the other hand, the spread starts from 3 pips, leverage up to 1:500, along with a choice of a fixed rate of 1 USD = 10,000 or a floating rate following market prices. Currently, there are approximately 30+ shares that can be traded.
Profit and Loss of Finex for Stock Trading
Guarantee of safety and legality
The existence of Finex, which has been serving Indonesian traders for more than a decade, is the main guarantee of quality. Brokers that have been established since th. 2012 brought a joint regulation with permit number 47/BAPPEBTI/SI/04/2013.
The minimum deposit is quite high
To access the Pro+ trading account at Finex, a minimum deposit of 1,000 USD is required. This figure can be said to be quite difficult to penetrate for beginners, unless you are actually allocating large funds or are already a professional trader.
This provider of trading facilities with the jargon of “One Application for Multiple Investments” provides access to asset transactions in gold, S&P 500, crypto, mutual funds and finally stock CFDs.
Pluang was released on January 21, 2018. You can trade on Opportunity by downloading the application via the Google Play Store and Apple Store. Until now, the Pluang application has been downloaded by more than 1 million users.
Opportunity Profit and Loss For stock trading
Even though you can call it a new player in the investment world, Pluang has been able to compete by offering a variety of interesting features, including: autoinvest tools, investment news, and educational programs for traders. Here are Pluang’s advantages and disadvantages regarding stock trading:
Based on the information listed on the official website, all Micro E-mini, Index Futures and US Stock transactions are managed at risk by PT PG Berjangka, which is licensed and supervised by BAPPEBTI.
Get insurance and rewards
Assets are protected with free insurance from Lippo Insurance, KSK Insurance, and Prudential. If you fill the balance within a certain amount, you can get extra prizes according to the promotions and decisions that take place.
Apart from the benefits from asset price movements, you can get dividend benefits when investing in shares in Pluang. At the time this article was written in November 2022, there were more than 44 stocks that could be traded through Pluang. Call it the names of big companies like Apple, Amazon, Google, VISA, NIKE, Coca Cola, and others.
Low minimum deposit
To be able to trade stocks at Pluang, the required capital can be from just 5 thousand rupiahs. You can make a deposit via bank transfer, ShopeePay, Gopay, LinkAja, or Funds.
The minimum withdrawal is quite high
Even though the minimum deposit is low, the minimum withdrawal requirement set by Pluang is quite high, which is 200 thousand rupiah.
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